Staying on top of your finances can be a complex task for busy schools. With SIMS Independent’s financial management solution, you can see an instant and complete picture of your school’s cash, profit and revenue positions, all in one place.
See right away where income needs boosting, or costs reviewed. Generate complex analysis reports for monitoring day-to-day spending as well as forecasting future budget requirements for more informed financial decisions.
Why choose SIMS Financial Management System (FMS)?
Manage day to day financial tasks efficiently
SIMS FMS provides access to all the financial information you need in one place including general ledger, accounts payable, accounts receivable, budget planning and asset management.
Manage your budget and demonstrate best value
Support heads of departments in managing their budgets and equipment; Bursars can track spending and staff costs against commitments.
Save time on your financial processes
With FMS you can scan or attach supporting documents to accounts payable transactions. It also supports the production of monthly management and SORP reports.
SIMS Financial Management System (FMS) features for independent schools
Essential functionality for independent schools
Designed with the needs of school in mind, SIMS FMS supports multiple bank accounts, multi and restricted users, allowing budget holders to access FMS for only their cost centres.
Integrated with SIMS
SIMS FMS is integrated with SIMS Fees Billing and Earnie payroll, providing you with a complete financial solution.
BACS and electronic trading
SIMS FMS supports a completely electronic accounts payable workflow. Significant cost savings can be made by paying suppliers via BACS and emailing the suppliers their remittances. Supports electronic trading with leading e-marketplaces.
Easily generate reports to help monitor day-to-day spending.
Keep track of your school equipment
SIMS Equipment Register allows you to manage and maintain a complete inventory of all the equipment in your school.
Self service for budget holders
Enable budget holders to electronically raise their order requests, authorise their invoices and review their balances.
Enable schools to manage all their key financial processes with an integrated double-entry accounting system.
Enhance your FMS with our Financial Reporting Suite
SIMS Financial Reporting Suite (FRS) further enhances SIMS FMS by providing high-quality visual reports and the Financial Planning Suite (FPS) enables multi-year budget planning. Both are integrated with FMS.